TransAct Technologies (NASDAQ:TACT) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of TransAct Technologies (NASDAQ:TACT) in a research report report published on Tuesday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Craig Hallum lowered their price objective on shares of TransAct Technologies from $10.00 to $9.00 and set a buy rating on the stock in a report on Wednesday, March 13th.

TransAct Technologies Stock Performance

Shares of TACT stock opened at $5.35 on Tuesday. The company has a market capitalization of $53.29 million, a P/E ratio of 11.38 and a beta of 1.88. The company’s 50 day moving average price is $5.63 and its two-hundred day moving average price is $6.49. TransAct Technologies has a 52 week low of $4.50 and a 52 week high of $9.44.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, March 12th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. TransAct Technologies had a net margin of 6.54% and a return on equity of 15.96%. The business had revenue of $13.27 million during the quarter, compared to analyst estimates of $13.90 million. Analysts forecast that TransAct Technologies will post -0.25 earnings per share for the current year.

Institutional Trading of TransAct Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Silverberg Bernstein Capital Management LLC bought a new position in shares of TransAct Technologies in the fourth quarter valued at $2,873,000. O Shaughnessy Asset Management LLC bought a new position in shares of TransAct Technologies in the third quarter valued at $103,000. Heron Bay Capital Management bought a new position in shares of TransAct Technologies in the fourth quarter valued at $116,000. Cable Hill Partners LLC bought a new position in shares of TransAct Technologies in the third quarter valued at $71,000. Finally, Bard Associates Inc. grew its stake in shares of TransAct Technologies by 1.1% in the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after buying an additional 1,750 shares in the last quarter. 74.46% of the stock is currently owned by institutional investors and hedge funds.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.